Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s Why

Shares of Essentra plc (LON:ESNT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 82.60 and last traded at GBX 85.38, with a volume of 20562104 shares changing hands. The stock had previously closed at GBX 83.80.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ESNT shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Essentra from GBX 150 to GBX 100 and set a “hold” rating on the stock in a report on Monday, April 13th. Berenberg Bank reissued a “buy” rating and set a GBX 160 price target on shares of Essentra in a research note on Thursday, March 19th. Royal Bank Of Canada decreased their price target on Essentra to GBX 130 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 130 price target on shares of Essentra in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Trading Up 1.9%

The company has a current ratio of 2.20, a quick ratio of 0.50 and a debt-to-equity ratio of 47.67. The business has a 50 day moving average of GBX 96.75 and a 200-day moving average of GBX 99.10. The stock has a market cap of £242.79 million, a PE ratio of 121.98, a price-to-earnings-growth ratio of 3.84 and a beta of 0.90.

Essentra (LON:ESNT) last posted its earnings results on Tuesday, March 17th. The company reported GBX 6.10 earnings per share (EPS) for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. On average, analysts anticipate that Essentra plc will post 524.137931 EPS for the current year.

Insiders Place Their Bets

In other Essentra news, insider Rowan Baker purchased 10,977 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of GBX 91 per share, for a total transaction of £9,989.07. Also, insider Scott Fawcett sold 21,279 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 90, for a total value of £19,151.10. Over the last 90 days, insiders have purchased 79,354 shares of company stock valued at $7,213,799. Insiders own 0.48% of the company’s stock.

About Essentra

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.